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Year: 2012

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Bankruptcy & Student Loan Relief

3 BIG NO NO’S WHEN YOU FILE FOR BANKRUPTCY

March 27, 2012March 30, 2023 Mike Shovan

When you file for BANKRUPTCY IN MICHIGAN there are 3 things that you never do: 1. Never lie. – tell the truth – fraud in

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What is a “QUALIFIED WRITTEN REQUEST” under the Federal Servicer Act which allow me to get all of the documents relating to my home mortgage loan when I am trying to negotiate a LOAN MODIFICATION IN MICHIGAN?

March 8, 2012April 28, 2012 Mike Shovan

Here is a sample letter. You will find the proper address on the back of your mortgage statement. This letter is written from a lawyer’s

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Bankruptcy & Student Loan Relief

How can a property settlement agreement in a divorce affect your Bankruptcy in Michigan?

February 13, 2012March 30, 2023 Mike Shovan

Although domestic support obligations and property settlements are non-dischargeable in Chapter 7, property settlement debts are dischargeable in Chapter 13. Settlement agreement language can help

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Bankruptcy & Student Loan Relief

Is the Till interest rate universally applicable to all Chapter 13 Bankruptcies in Michigan?

January 31, 2012March 30, 2023 Mike Shovan

In Horny (E.D. Mich 2011), Judge Ludington ruled that not all contract interest rates can be crammed down to the Till rate. Ludington held that

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Bankruptcy & Student Loan Relief

Assets acquired before you file for Bankruptcy in Michigan do not have to be included in a Chapter 13 Plan.

January 31, 2012March 30, 2023 Mike Shovan

In Mobley (Bank. E.D. Mich. 2011), the court held that a fully exempted pre-petition personal injury award cannot be included as part of the disposable

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Bankruptcy & Student Loan Relief

Uncertain or unliquidated personal injury awards do not have to be included as disposable monthly income (DMI) in a Chapter 13 bankruptcy proceeding in Michigan?

January 31, 2012March 30, 2023 Mike Shovan

The Court in Connor (E.D. Mich. 2012) recently addressed the issue and concluded that prospective amounts do not have to be included in a DMI

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Bankruptcy & Student Loan Relief

Important Bankruptcy Cases before the US Supreme Court

January 31, 2012March 30, 2023 Mike Shovan

Here is a summary of the important Bankruptcy Cases before the US Supreme Court: In re Puffer, No. 11-1831 (1st Cir.) Issue: Whether chapter 13

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